India New Issue-SIDBI to issue over 3-year bonds, bankers say

Mindspace Business Parks REIT

19/06/2024 10:57

MUMBAI, June 19 (Reuters) - Small Industries Development Bank of India (SIDBI) plans to
raise up to 50 billion rupees, including a greenshoe of 30 billion rupees, through the sale of
bonds maturing in three years, two months and 16 days, three merchant bankers said on Wednesday.
    The company has invited bids from bankers and investors for the issue on Friday, they said.
    In March, SIDBI had raised 34.23 billion rupees via bonds maturing in three years, four
months and 15 days at a coupon of 7.68%. 
    
 Here is the list of deals reported so far on June 19: 
             Issuer                                                            
                     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                  bln rupees)*    date         
                                                                               
 SIDBI               3 years, 2    To be decided  20+30           June 21      AAA (Crisil,
                     months & 16                                               Careedge)
                     days                                                      
                     7 years       To be decided  6.50            June 20      AAA (Crisil,
 Mindspace Business                                                            Icra)
 Parks REIT                                                                    
                                                                               
             Bank        10 years  To be decided              10  To be        AA+ (Careedge,
 of Maharashtra                                                   decided      Acuite)
                                                                               
 *Size includes base plus greenshoe for some issues

($1 = 83.3880 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
 ((Bhakti.Tambe@thomsonreuters.com))